According to Jinshi, European stocks were basically flat in a light trading day as the UK and US markets were closed for holidays. Ulrich Urbahn, head of multi-asset strategy and research at Berenberg, said that although international investors have relatively low positions in Europe, they are still optimistic about European stocks given Europe's unexpectedly positive economic performance in recent times. Investors are closely watching the comments of ECB officials who are assessing the outlook for monetary policy. Today, ECB board member Villeroy said that the ECB should not rule out the possibility of a second interest rate cut in July.